Despite general advances in AI and LLMs
in recent years, enterprise organizations have largely struggled to
successfully use chat-based approaches for business intelligence in a way that
is accurate, secure, and customized to their business. While consumer-centric
tools like ChatGPT have shown great promise for more surface-level tasks rooted
in general information from the internet, there has been a gap when it comes to
applying the same technology to the deeper data analytics that enterprises need
to run on their complex data ecosystems.
With the launch of its AI chat platform,
Redbird is filling this void through AI agents designed to perform advanced
data analytics on top of tooling that securely integrates with an
organization's data ecosystem. Users can engage these AI agents in
natural language through chat interactions that don't require technical
knowhow. This enables the true self-serve analytics that legacy dashboarding
tools like Tableau, Looker and PowerBI have promised but ultimately failed to
deliver on given the limitations of a more rigid dashboarding approach.
"For the past several decades the promise
of truly self-serve analytics has fallen short for organizations, with the
reality instead being complex data pipelines, dashboards, and shadow analytics
that require technical skills to execute" said Erin Tavgac, Co-Founder and CEO
of Redbird. "We have invested significant R&D into fusing
the power of LLMs with Redbird's robust end-to-end analytical toolkit in the
form of AI agents that enable users to finally achieve self-serve,
conversational BI that runs on their organization's data."
Redbird's AI platform leverages
proprietary AI agents trained to do specific analytical tasks equivalent to
what specialized human resources currently do. For example, Redbird has
developed AI agents that can do data collection, data engineering, SQL
analysis, data science, reporting, and domain-specific data analytics.
These AI agents have access to Redbird analytical tools and can orchestrate as
well as execute multi-step analytical tasks to answer user questions.
Redbird AI has access to an admin layer where domain experts within an
organization can load business logic, definitions, data ontologies, and
existing assets like presentations or documents that provide the context needed
for the AI to produce accurate results.
Redbird also solves for the
infrastructure and security challenges involved with enterprise AI
implementations through turnkey on-prem deployments that can run LLMs within
contained environments on the enterprise's own cloud. This means that all
enterprise data is securely contained within that enterprise's AI ecosystem and
never used to train an LLM for use by other enterprises.
Throughout 2023, many enterprises watched
developments in the LLM space from the sidelines wondering how the technology
could be used within their organization. In 2024, they have started to
test different approaches and allocate budget in search of an AI solution that
actually works for them. Unfortunately, efforts to build solutions in
house have proven costly and ineffective given the complexity of fusing LLM
technology with unique, messy enterprise data ecosystems. 3rd party AI
products like Microsoft Copilot have also failed to deliver the depth needed
and instead opted for more of a surface level assistant approach.
Redbird's AI product is quickly gaining traction with some of the largest
enterprise brands as an alternative to complicated in-house builds or
surface-level 3rd party options.
Since raising its seed round in 2022,
Redbird has increased its customer count 7X, tripled its team size, and built
out an extensive AI ecosystem on top of its core data analytics automation
platform, which it is now making accessible to enterprises more broadly.
Redbird is now working with 8 of the Fortune 50 brands and also in the process
of onboarding some of the largest government organizations in the US.
Founded by Erin Tavgac and Deren Tavgac,
data analytics and AI experts with deep enterprise experience across the
world's largest brands, Redbird works with enterprise customers across diverse
verticals. Since its founding, the Redbird team has expanded rapidly to include
key AI engineering hires to help accelerate the development of Redbird's AI
product.
Redbird is excited to bring its AI
product to the market to help enterprises unlock the potential of
conversational BI for their organization, and recognizes this as a huge leap
forward in its mission of democratizing data analytics.